Thundelarra Ltd.: Third Quarter Activity Report
31.07.2018 | ABN Newswire
Perth, July 31, 2018 - Thundelarra Ltd (ASX:THX) (OTCMKTS:TLXPF) provides the Company's Third Quarter Activity & Cashflow Report.HIGHLIGHTS
WESTERN AUSTRALIA
- Garden Gully Gold Project, Murchison Region (THX 100%)
o Air Core ("AC") drilling programme: 14,025m drilled in 274 holes
o Young, Lydia, Leanne, Ardeal and Transylvania prospects tested
o New zones of gold mineralisation identified, notably at Young prospect
o Native gold panned from 16-17m
o Picture at left (scale bar in mms) (see link below)
o Hole TGGAC181
o Supergene gold mineralisation
o 150m WSW of old diggings
o Multiple follow-up targets found
o Sub-Audio Magnetics "SAM" surveying proving effective at locating sub-surface structures
o Significant new intersections (reported 28 June 2018):
-- 5m at 6.9 gpt Au from 14m in TGGAC181 (at Young);
-- 5m at 7.1 gpt Au from 36m in TGGAC151 (at Lydia);
-- 5m at 4.0 gpt Au from 60m in TGGAC152 (at Lydia).
CORPORATE
- Cash position at 30 June 2018 (excluding equity investments): $2.1 million
- Current marked to market value of equity investments: $0.3 million
SUBSEQUENT EVENTS SINCE 30 JUNE
- Crown Prince results reported on 24 July 2018. New intercepts included:
o 3.25m at 18.5 gpt Au from 107m in TGGRCDD142
o 11m at 4.9 gpt Au from 42m in TGGRC153
o 6m at 4.0 gpt Au from 37m in TGGRC151
- PoW lodged by W Richmond for follow-up drill testing at Red Bore
To view the full report with tables and figures, please visit:
http://abnnewswire.net/lnk/98TM8X38
About Thundelarra Ltd
Thundelarra Ltd (ASX:THX) is primarily an Australian gold exploration company. Gold, either in stand-alone geological settings or in association with copper, is our principal target. Copper remains an important focus too. Our portfolio also boasts prospects with discovery potential for base metal (nickel, zinc, silver, lead), uranium and graphite mineralisation. We are active in Western Australia (WA) and the Northern Territory (NT).
Contact
Thundelarra Limited
Mr Tony Lofthouse, Chief Executive Officer
Telephone: +61-8-9389-6927
Email: info@thundelarra.com.au
Website: www.thundelarra.com